American Airlines 2006 Annual Report Download - page 84

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80
12. Accumulated Other Comprehensive Loss
The components of Accumulated other comprehensive loss are as follows (in millions):
Pension
Liability
Unrealized
Gain/(Loss)
on
Investments
Unrealized
Gain/(Loss)
on Derivative
Financial
Instruments
Income
Tax
Benefit
Total
Balance at January 1, 2004 $ (956) $ 1 $ 25 $ 145 $ (785)
Current year net change 129 (4) - - 125
Reclassification of derivative
financial instruments into
earnings
-
-
(89)
-
(89)
Change in fair value of
derivative financial
instruments
-
-
85
-
85
Balance at December 31, 2004 (827) (3) 21 145 (664)
Current year net change (379) 6 - - (373)
Reclassification of derivative
financial instruments into
earnings
-
-
(50)
-
(50)
Change in fair value of
derivative financial
instruments
-
-
108
-
108
Balance at December 31, 2005 (1,206) 3 79 145 (979)
Current year net change 748 - - - 748
Reclassification of derivative
financial instruments into
earnings
-
-
(88)
-
(88)
Change in fair value of
derivative financial
instruments
-
-
26
-
26
Adjustment resulting from
adoption of SFAS 158
(998)
-
-
-
(998)
Balance at December 31, 2006 $ (1,456) $ 3 $ 17 $ 145 $ (1,291)
As of December 31, 2006, the Company estimates during the next twelve months it will reclassify from
Accumulated other comprehensive loss into net earnings (loss) approximately $21 million in net gains related to
its cash flow hedges.